Case study: Restructuring a medium-sized automotive supplier

Costumer

Medium-sized automotive supplier, owner-managed,
(mechatronic system solutions, assemblies)

Task

  • Restructuring
  • Support the sales process
  • Representation of a shareholder group

Problem

  • Strongly affected by the financial crisis -> sales drop
  • Excess capacity, high fixed cost, negative result, liquidity crisis
  • No debt supply possible

Order

  • Critical scrutinizing and adjusting of the existing medium-term planning
  • Fast, consistent implementation of the restructuring measures and ensuring liquidity
  • Sales support

Duration

10 months

Result

  • Closure of non-profitable areas, reconciliation of interests, social plan, transfer company for 30% of the employees
  • Reduced Net Working Capital, Cost Cutting of material and overhead costs by implementing and controlling systems and processes
  • Significant reduction of investment needs by introducing a permission-/approval-/controlling process
  • All restructuring implemented without "fresh money"
  • Company sold to the other 50% of the shareholders